Farmers National Banc Corp.

NASDAQ:FMNB   12:13:08 PM EDT
15.47
+0.10 (+0.68%)
Debt Financing / Related, Mergers / Acquisitions

Farmers National Banc Corp. And Emclaire Financial Corp. Announce Merger

Published: 03/24/2022 12:31 GMT
Farmers National Banc Corp. (FMNB) - Farmers National Banc Corp.
and Emclaire Financial Corp.
Announce Merger.
Emclaire Financial Corp - Transaction is Valued at Approximately $105 Million, Or $37.62 per Share.
Emclaire Financial Corp - Each Shareholder of Emclaire May Elect to Receive Either $40.00 per Share in Cash Or 2.15 Shares of Farmers' Common Stock.
Emclaire Financial - Upon Consummation of Transaction, Emlenton Bank Will Be Merged With and Into Farmers Bank, With Farmers Bank As Surviving Bank.
Emclaire Financial Corp - Upon Consummation of Transaction, Emlenton Bank's Branches Will Become Branches of Farmers Bank.
Emclaire Financial Corp - Farmers Intends to Name One Director From Emclaire's Board to Join Its Board of Directors Immediately After Merger.